A Company Provided the Following Data

question 41

Multiple Choice

A company provided the following data:
Sales,$500,000; beginning inventory,$40,000; ending inventory,$45,000; and gross margin,$150,000.What was the amount of inventory purchased during the year?

• A)$370,000
• B)$355,000
• C)$348,000
• D)$341,000

Identify the mechanisms of persuasion and their applications in different contexts.

Understand the concept of cognitive dissonance and its effects on attitudes and behavior.

Explain the role of attitudes in shaping behavior and vice versa.

Analyze the effect of role playing on attitudes and social behavior.

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Definitions:

Cumulative Quantity Discounts

Price reductions applied to purchases over time, rewarding customers for buying larger quantities or for repeat business.

Promotional Allowances

Discounts or financial incentives offered to retailers or distributors to encourage the promotion or sale of a product.

Geographical Adjustments

Modifications or adaptations made to products, services, or strategies to accommodate specific geographical locations and their unique demands or regulations.

Demand-Oriented

An approach focusing on meeting customer demand through tailored products, pricing strategies, and distribution channels.